Asleep at the Wheel

[rich pearl]

Hey Max, welcome to my ever so infrequent board. i might be coming here a bit more, but... for the moment, as i think i noted in a sig on the BDPT board i've been watching from afar (and haven't had access to a keyboard, so there's that, too.)

though i like to write (or as my nephew used to say 'right'), i'm not a prolific poster. and on a busy board, its all too easy to get lost in the conversation. so i wait my moments. in any case, don't know when you read the post you replied to but it was a good read. i make it a point to not be definitive in this 'crooked' game we play, because things have a way of happening, and i'm not immune to being wrong, so.... i couch my language. but... that was a good call on my part if you read between the lines, reversal and all. so here's the follow-up charting:

this is a 3 month daily chart w/ s ton of indicators, all of whom have turned positive. on my charts from barchart i tend to look for the 8 and 34 ma crossings. what's important here is to see the pattern. it starts with the pole run from .0004 to .0033, and then comes the ensuing flag, with its cup and handle continuation pattern. it had a run off the retrace to .0028 but didn't fill the cup until it ran from .0012 to .0042. it then broke off with a two week handle and has now begun to run up another pole. if you extrapolate the data from the two previous runs, they both moved up by ~.003. if this repeats the pattern, it goes from .0022 to at least 0052. on the weekly chart, its the one from stockcharts -- its my own command line script -- it will show the 100ma at just under .0054. that is the dampening line, and thus it is the target for the next pit stop.

https://www.barchart.com/stocks/quotes/BDPT/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);ADX(14);ACCUM;MACD(12,26,9);SMA(50);WILLR(14,40);SMA(20);SMA(8);CHKMF(20);MFI(14,100);OBV;CHKOSC;SMA(34);RSI(14,100);RSI(14,100);RSI(6,100);STOFA(14,3);STOSL(14,3);TRIX(15)&sym=BDPT&grid=1&height=500&studyheight=100

on the weekly, where all the indicators are up, we see the long pole and then the cup. once past the resistance at the 100ma, this should run to the historic .006-.007 area. at .007 the rsi14 enters overheated territory. that, then, become the near term target on the bid break of .0055ish.

one last note. there's a wick gap here from .003 to .0034. unlike the gaps of .00005-.0001, this might want to fill. that doesn't mean it will, it just means there exists the potential for a buy in that area.

https://stockcharts.com/c-sc/sc?chart=bdpt,uu[e,a]whclyiay[de][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la8,17,9!lah12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b

i would welcome comments here (on this board)

best to ya'

rich